The stop on petroleum, diesel and LPG cost amendment regardless of increasing expense will hit productivity of state-possessed
Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) this
financial, Fitch Ratings said on Wednesday.The three state-possessed fuel retailers haven't changed auto fuel
costs for north of four months at this point to assist the public authority with containing runaway expansion.
Promoting misfortunes because of cost freezes for fuel (petroleum), gasoil (diesel) and Liquified Petroleum Gas (LPG)
during late times of raised unrefined petroleum costs might pressure the benefit and, thusly, the credit measurements of Indian
Oil Marketing Companies (OMCs)," Fitch said in a note. The rating organization anticipated that OMCs' credit measurements
should debilitate past the negative triggers of their Standalone Credit Profiles (SCP) in the monetary year finishing
the monetary year finishing March 2023 (FY23) as retail misfortunes offset solid Gross Refining Margins (GRMs).